07.08.2023 22:08:30 - dpa-AFX: Skyworks Solutions Inc. Q3 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Skyworks Solutions Inc. (SWKS) announced a profit for
third quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $195.8 million, or $1.22 per share. This
compares with $267.3 million, or $1.66 per share, in last year's third quarter.

Excluding items, Skyworks Solutions Inc. reported adjusted earnings of $276.3
million or $1.73 per share for the period.

Analysts on average had expected the company to earn $1.70 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 13.0% to $1.07 billion from $1.23
billion last year.

Skyworks Solutions Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $195.8 Mln. vs. $267.3 Mln. last year.
-EPS (Q3): $1.22 vs. $1.66 last year.
-Analyst Estimates: $1.70
-Revenue (Q3): $1.07 Bln vs. $1.23 Bln last year.

-Guidance:
Next quarter revenue guidance: $1.190 - $1.240 Bln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
SKYWORKS SOL. DL-,25 857760 Frankfurt 86,720 16.05.24 09:08:23 +0,600 +0,70% 86,200 87,500 86,720 86,120

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